Long in Gold.....

COMEX:GC1!   Gold Futures
1. Gold             is Looking Bullish , It Completed Cypher Pattern .
2.Higher lows in RSI .
3. FED Meeting in December and FED said "Still Open about December Rate Hike", which has built pressure.
4. Job Data's this week.
5.Can go Long for Initial Target of $1150 .
6- Near Stops so Good R/R...
Trade closed: stop reached
I hope you are right, I went long because of your analysis :)
fortuneteller martin1024
Hope so, I went Long @ 1080 booked 50% @ 1093 now will hold 50% for targets, risk free and tomorrow we have FED minutes, so it will make a big move tomorrow.....
Are you suggesting US data will not come out positive for a rate hike to go ahead for december as such push gold much higher as forecasted by your chart.
Yes, and even slightly negative will do the job. We Have to look forward to GDP Data and Consumer Confidence on 24 Nov, Gold is currently in a channel bottom line is at 1060 and top line is at 1180 right now, we need a breakout, and i think if it will start rising this time it would give a top breakout...
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